Real Estate Opportunities Ltd

ON January 5, Financial Mail on Sunday said the City of London Fraud Squad was investigating a deferred interest loan made by Real Estate Opportunities Ltd to an associated company, Havenview Investments.

The Fraud Squad has since told us that no complaint has been received about the loan and no investigation has been launched. The loan was properly disclosed in REO's prospectus. We also said the value of REO's property portfolio had slumped when, in fact, it has increased since the company's launch. We apologise to REO, Treasury Holdings Ltd, John Ronan and Richard Barrett for any embarrassment caused.